As the Samvat 2083 period approaches, Samco Securities has unveiled its highly anticipated list of top stock picks, offering investors a strategic guide for potential growth. The brokerage firm has curated a selection of 10 stocks across critical sectors such as power, capital market infrastructure, IT services, aerospace and defense, data-center and telecom equipment, music, and automobiles.
Building on a disciplined, rule-based investment approach that proved effective during Samvat 2082's market volatility, Samco emphasizes the importance of disciplined profit-booking and setting clear stop-loss levels. Investors are advised to adhere to these risk management principles, acknowledging that market conditions can influence targets and recommendations.
Key Diwali Stock Picks for Samvat 2083
Here’s a closer look at some of Samco Securities' top recommendations, highlighting their fundamental strengths and technical outlook, with potential upsides:
Adani Power (Buy | Target: Rs 318.85 | Stop Loss: Rs 162.70)
- Fundamental View: The company reported a record-breaking Q2FY27, with consolidated profit after tax soaring 141.5% year-on-year to Rs 7,019 crore and revenue increasing 44.5% to Rs 19,439 crore. Underlying business strength was evident, with power sales rising to 26.4 billion units and plant load factor improving to 70.1%. India's power demand surged 11.5% during the quarter.
- Technical View: Adani Power has corrected from its peak of Rs 254 and is consolidating around its 200-day moving average (Rs 192), with strong support at Rs 175-180. The daily RSI at 45 suggests room for an upward movement. Samco recommends buying in the Rs 186-192 range for a one-year target.
BSE (Buy | Target: Rs 5,441 | Stop Loss: Rs 2,810)
- Fundamental View: BSE Ltd has emerged as a highly profitable entity within the Indian capital markets. Q1FY27 saw operational revenue climb 63% to Rs 1,566 crore and consolidated net profit rise 62% to approximately Rs 874 crore, driven by robust operating margins. The listing of rival NSE shares exclusively on BSE and potential F&O eligibility could significantly boost BSE's derivatives segment.
- Technical View: The stock appears to be in an accumulation phase near its 50-week EMA. A recent 30% correction is seen as complete, with the stock reclaiming its 50-day and 200-day moving averages. A bullish crossover in the weekly RSI indicates a potential resumption of its primary uptrend. Samco advises buying between Rs 3,455-3,565 for a one-year target.
Tech Mahindra (Buy | Target: Rs 2,905 | Stop Loss: Rs 1,493)
- Fundamental View: Tech Mahindra shows a clear turnaround, with Q2FY27 revenue up 15.6% to Rs 16,180 crore and EBIT margin expanding 260 basis points to 14.8%—its 12th consecutive quarter of margin expansion. Net profit rose 32.7% to Rs 1,586 crore, supported by consistent deal wins exceeding $1 billion.
- Technical View: The stock broke out of a year-long range of Rs 1,450-1,650 after its Q2 results and is trading near its 52-week high of Rs 1,854, well above its moving averages. The previous resistance zone of Rs 1,650-1,700 is now expected to act as support. Recommended buying range is Rs 1,760-1,820 for a one-year target.
HFCL (Buy | Target: Rs 381.10 | Stop Loss: Rs 180.25)
- Fundamental View: HFCL achieved its best-ever quarter in Q2FY27, with revenue surging 144% to Rs 2,542 crore and net profit skyrocketing 448% to Rs 394 crore. Its order book expanded to Rs 28,911 crore, with significant contributions from optical fibre, data-centre interconnect, and exports. Management projects at least 80% revenue growth for FY27.
- Technical View: HFCL has been a top performer, up 206% over twelve months. After peaking at Rs 282, it is consolidating in a healthy Rs 200-280 range, maintaining strong support near Rs 191-200 and well above its 200-day moving average. Buying is recommended in the Rs 227-235 range for a one-year target.
Multi Commodity Exchange of India (MCX) (Buy | Target: Rs 3,836 | Stop Loss: Rs 2,750)
- Fundamental View: MCX directly benefited from the volatility of Samvat 2082, with record trading volumes in crude oil, gold, and silver. Q1FY27 saw consolidated net profit jump 103% to Rs 413 crore on an 88% rise in revenue to Rs 702 crore, following a record FY26 profit. Continued volatility is expected to sustain elevated trading activity.
- Technical View: MCX reached an all-time high of Rs 3,481 and is now consolidating between Rs 3,000 and Rs 3,480 around its 50-day moving average. A move above Rs 3,480 would signal a fresh breakout. Samco suggests buying in the Rs 3,140-3,240 range for a three-month target.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Investors are encouraged to consult with a qualified financial advisor before making any investment decisions.